RAMBUS (Nasdaq: RMBS) - THE EAGLE Message Board

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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE

RMBS 115.18

-7.7%

Jan 23 3:59 PM EST

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To: Tom Pulley who wrote (153)	12/4/1999 1:57:00 PM
From: Zeev Hed	Read Replies (1) of 2039

Tom, the problem is of course the uncertainty, no one knows for sure if RMBS might or might not earn $15 in three years, it could be flopping and earn only $1, and then $25 might not look bad either. The very high PE associated with RMBS reflects the hope that earning growth will materialize. The current technical action of RMBS indicates that more and more people believe these are just hopes. Mind you, RMBS is now the weakest stock in the SOX, if the SOX undergoes a retrenchment (and any retrenchment to the the high 500' low 600 will not negate the current powerful bull move in the SOX) to let say 590 to 610, the weakest parts of the SOX, including RMBS will suffer most. Thus, IMHO, if $66 is broken, the stock could easily drop to the low 50' and possibly breach this year's low at $51.5. If that happen, the $15 thesis might need to be reexamined. Zeev

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